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Property profile & analytics
OFF-MARKET
Office buildings
16360 Addison Rd Addison, TX 75001-3249
Entity Owned
4-yr Hold
Free & Clear
Property ID
US82-5517920
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2015
Construction
FRAME
Total area
2,412 SF
Lot
0.22 ac (9,757 SF)
Zoning code
Z31
APN
100008482318R0000
UPID
US82-5517920
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Southland Commercial Roofing Roofing Company General Contractor
-
PrideStaff Financial Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Southland Metroplex Realty 2 LLC · 4 yrs held
Southland Metroplex Realty 2 LLC
since 2021
7 recorded transactions
Zoning & alternative use
Z31 · Addison, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Addison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Addison submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,159
Tax year 2023
Assessed value
$791,140
Assessed 2023
Previous assessed
$791,140
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$146,360
Assessed improvement
$644,780
Land market value
$146,360
Improvement market value
$644,780
Total market value
$791,140
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2015
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,412 SF
Lot
0.22 ac (9,757 SF)
Zoning code
Z31
APN
100008482318R0000
UPID
US82-5517920
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z31 · Addison, TX
Zoning Z31 · permitted uses
Z31 · Addison, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Addison. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2015
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Southland Metroplex Realty 2 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
16370 ADDISON RD, ADDISON, TX 75001-3249
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
—
Southland Metroplex Realty 2 LLC
Arlinn Properties LLC
Special Warranty Deed
—
Aug 20, 2021
—
Arlinn Properties LLC
—
Deed
related
$565,000 · Prosperity Bank
Dec 10, 2020
—
Metro Property Group LLC
Savannah Oconnor Dev LLC
Grant Deed
$1,119,763 · Valliance Bk
Aug 17, 2020
—
Savannah Oconnor Dev LLC
—
Deed
related
$702,500 · Prosperity Bk
Mar 8, 2017
—
Arlinn Properties LLC
Savannah Addison Office Partners Ll
Venders Lien
$565,000 · Prosperity Bank
Jan 30, 2015
—
Savannah Addison Office Partners Ll
16420 Addison Road Ltd
Special Warranty Deed
$418,625 · Plainscapital Bank
—
—
Savannah Oconnor Dev LLC
—
Deed Of Trust
related
$702,500 · Prosperity Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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